INSUBCONTINENT EXCLUSIVE:
Nazara Technologies IPO: At 10:10 am, the shares were trading up 74.18 per cent on the BSENazara Technologies has made a stellar debut opn
the stock exchanges this morning
The shares of Nazara Technologies started off the day at Rs 1,971 on the BSE, a premium 79.02 per cent compared to the issue price of Rs
On the NSE, the shares listed at a premium of 80.74 per cent at Rs 1,990.At 10:10 am, the shares of Nazara Technologies were trading at Rs
1,917.75, up 74.18 per cent, on the BSE
And on the NSE, the shares were trading at Rs 1,913.30, up 73.8 per cent.The public offer was subscribed 175.46 times, according to
subscription data on the exchanges
The portion set aside for retail investors was subscribed 75.29 times, non-institutional investors' portion was subscribed 389.89 times and
qualified institutional buyers segment attracted 103.77 subscription.The company had raised Rs 583 crore through its public issue, which was
an offer for sale by shareholders.Nazara Technologies was incorporated in the year 1999
It is the first gaming company to be listed on the stock exchanges.Nazara Technologies operates in various segments, including
subscription-based business, eSports, gamified early learning and money gaming
It has a presence across India, and in global markets such as Africa and North America
Nazara Technologies is backed by ace investor Rakesh Jhunjhunwala.
